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Best Business Practices

Financial Analysis for Your Small Business

July 19, 2022 by admin

Financial Analysis for Your Small Business

Comparing a business’s key financial ratios with industry standards and with its own past results can highlight trends and identify strengths and weaknesses in the business. Financial statement information is most useful if owners and managers can use it to improve their company’s profitability, cash flow, and value. Getting the most mileage from financial statement […]

Filed Under: Best Business Practices

Business Owners: Keep That Shield Intact

May 13, 2022 by admin

Business Owners: Keep That Shield Intact

You face plenty of challenges as a small business owner. Finding ways to protect yourself against lawsuits is a major one. You may be able to add protection by structuring your business as a corporation or limited liability company (LLC). Both these entities may shield the owners’ or members’ personal assets from the company’s debts […]

Filed Under: Best Business Practices

How Small Businesses Can Use Artificial Intelligence

March 25, 2022 by admin

How Small Businesses Can Use Artificial Intelligence

Science fiction movies and books may portray artificial intelligence as a human-like giant brain with thousands of wires coming from it that control whole cities and their populations. The reality today is that artificial intelligence is unobtrusive, everywhere, and we are interacting with it multiple times daily without always recognizing that we are. Artificial intelligence […]

Filed Under: Best Business Practices

Why Business Structure Matters

November 20, 2021 by admin

Why Business Structure Matters

When you start a business, there are endless decisions to make. Among the most important is how to structure your business. Why is it so significant? Because the structure you choose will affect how your business is taxed and the degree to which you (and other owners) can be held personally liable. Here’s an overview […]

Filed Under: Best Business Practices

What You Need to Know About Incorporating Your Business

June 23, 2021 by admin

What You Need to Know About Incorporating Your Business

Incorporating your small business the right way can bring tax benefits and protect your personal assets. Read on to learn more about what incorporation is, why you might want to incorporate, and how an accountant can help you navigate the questions that come with selecting the right business structure. What is Incorporation? When discussing “incorporation” […]

Filed Under: Best Business Practices

Why You Need Year Round Tax Planning…

May 18, 2021 by admin

Why You Need Year Round Tax Planning…

…and tips on how to do it. The IRS may have granted us a reprieve for filing our income taxes this year, but we hope you’re well into your preparation for 2020 income taxes – or finished with them. Tax planning shouldn’t be a task on your to-do list every April. It should start January […]

Filed Under: Best Business Practices, QuickBooks Tips

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